Changes in group structure

This topic has 2 replies, 2 voices, and was last updated 9 years ago by Ehsan.

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October 10, 2016 at 9:39 pm #342928
Ehsan
Participant
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Dear Tutor,

Firstly, I really appreciate that your lectures are really well explained, thanks a lot.

So, my question is that if there is a change in ownership in between the year, not in end, so should we do workings till the time when ownership was changed and then consolidate it with rest year workings? I hope you get it.

Regards,
October 11, 2016 at 7:48 pm #342988
P2-D2
Keymaster
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Hi,

Thanks for the kind words, glad you find the lectures useful.

If we have a change in ownership part way during the year then we would analyse out the net assets working (W2) in more detail. By this I mean we would have the usual at acquisition date and reporting date column but we would also have another column that details the information when the change in ownership took place. This has rarely been necessary in the exam as the changes usually happen at the end of the reporting period.

Hope this helps.

Thanks

Chris
October 12, 2016 at 1:34 pm #343049
Ehsan
Participant
- Topics: 43
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Dear Chris,

Thanks for your elaborate answer, that’s what I was thinking, just needed to confirm.

Thanks again.

Regards,
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